Company registration number 09697050 (England and Wales)
SHAPERS AESTHETICS TRAINING LIMITED
Unaudited Financial Statements
for the Year Ended 31 July 2023
SHAPERS AESTHETICS TRAINING LIMITED
Contents
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
SHAPERS AESTHETICS TRAINING LIMITED
Company Information
- 1 -
Director
Miss J Taroni
Company number
09697050
Registered office
Shapers
43 Avery Road
Sutton Coldfield
UK
B73 6QB
Accountants
RCH Accountants Limited
Wellfield House
Temple Street
Llandrindod Wells
Powys
LD1 5HG
SHAPERS AESTHETICS TRAINING LIMITED
Balance Sheet
As at 31 July 2023
31 July 2023
- 2 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
9,250
9,560
Debtors
4
31,780
31,158
Cash at bank and in hand
2
2,997
41,032
43,715
Creditors: amounts falling due within one year
5
(20,022)
(17,144)
Net current assets
21,010
26,571
Creditors: amounts falling due after more than one year
6
(36,515)
(42,185)
Net liabilities
(15,505)
(15,614)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(15,507)
(15,616)
Total equity
(15,505)
(15,614)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 19 March 2024
Miss J Taroni
Director
Company registration number 09697050 (England and Wales)
SHAPERS AESTHETICS TRAINING LIMITED
Notes to the Financial Statements
For the Year Ended 31 July 2023
- 3 -
1
Accounting policies
Company information

Shapers Aesthetics Training Limited is a private company limited by shares incorporated in England and Wales. The registered office is Shapers, 43 Avery Road, Sutton Coldfield, UK, B73 6QB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had total net liabilities of  £15,505 (2022 - £15,614). However creditors includes a loan from the director of £9,466 (2022 - £9,466). In addition the director is aware of the turnover and margins that the company needs to achieve in order to keep the company in profit and she believes these targets can be met.  The director reviews realistic objectives at regular intervals, based on this periodic review, the company's plans and the continued support of both the director and the related company she considers it appropriate to prepare the financial statements on the going concern basis.

 

1.3
Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

 

The company recognises Turnover when:

The amount of Turnover can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SHAPERS AESTHETICS TRAINING LIMITED
Notes to the Financial Statements
For the Year Ended 31 July 2023
1
Accounting policies
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
31,780
31,158
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
9,170
5,278
Other creditors
9,466
9,466
Accruals and deferred income
1,386
2,400
20,022
17,144
SHAPERS AESTHETICS TRAINING LIMITED
Notes to the Financial Statements
For the Year Ended 31 July 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
36,515
42,185
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